Currently "sndconfig --mungepnp" is called *after* "depmod -a". This means that if sndconfig decides to update the modules.conf, then we'll end up with lots of warnings about modules.conf being newer then modules.dep (and may be other problems - I am not sure). IMHO, we should either move sndconfig before depmod or change sndconfig so that it calls depmod whenever it updates modules.conf (although the second solution would cause depmod to be sometime ran twice during boot). P.S. See bug #44760 for another problem with depmod position in initscripts - still exists in Roswell2.
Are you sure you're running the correct modutils? That message is *removed* in the current modutils.